609 Stock Overview
Tiande Chemical Holdings Limited, an investment holding company, engages in the research, development, manufacture, sale, and distribution of fine chemical products in the People’s Republic of China, India, the United States, Taiwan, the United Kingdom, and internationally.
Tiande Chemical Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$2.34|
|52 Week High||HK$2.95|
|52 Week Low||HK$0.96|
|1 Month Change||-11.36%|
|3 Month Change||17.00%|
|1 Year Change||118.69%|
|3 Year Change||358.82%|
|5 Year Change||20.62%|
|Change since IPO||249.25%|
Recent News & Updates
These 4 Measures Indicate That Tiande Chemical Holdings (HKG:609) Is Using Debt Safely
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Investors Shouldn't Overlook Tiande Chemical Holdings' (HKG:609) Impressive Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
|609||HK Chemicals||HK Market|
Return vs Industry: 609 exceeded the Hong Kong Chemicals industry which returned -45.6% over the past year.
Return vs Market: 609 exceeded the Hong Kong Market which returned -28.3% over the past year.
|609 Average Weekly Movement||9.3%|
|Chemicals Industry Average Movement||6.7%|
|Market Average Movement||6.5%|
|10% most volatile stocks in HK Market||12.7%|
|10% least volatile stocks in HK Market||3.1%|
Stable Share Price: 609 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: 609's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.
About the Company
Tiande Chemical Holdings Limited, an investment holding company, engages in the research, development, manufacture, sale, and distribution of fine chemical products in the People’s Republic of China, India, the United States, Taiwan, the United Kingdom, and internationally. Its principal products include sodium cyanide, cyanoacetic acid and cyanoacetates, malonates, diethyl ethoxymethylenemalonate, EDTA acids and salts, mono chloroacetic acid and derivatives, ethanol, tert-butanol, cyanoacrylate monomers, and related by-products. The company also engages in the research and development, manufacture, and sale of medical instrument products; and manufacture and sale of adhesive products.
Tiande Chemical Holdings Fundamentals Summary
|609 fundamental statistics|
Is 609 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|609 income statement (TTM)|
|Cost of Revenue||CN¥2.05b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.90|
|Net Profit Margin||22.90%|
How did 609 perform over the long term?See historical performance and comparison
9.9%Current Dividend Yield
Does 609 pay a reliable dividends?See 609 dividend history and benchmarks
|Tiande Chemical Holdings dividend dates|
|Ex Dividend Date||Oct 06 2022|
|Dividend Pay Date||Oct 27 2022|
|Days until Ex dividend||1 day|
|Days until Dividend pay date||22 days|
Does 609 pay a reliable dividends?See 609 dividend history and benchmarks
Is 609 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 609?
Other financial metrics that can be useful for relative valuation.
|What is 609's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 609's PE Ratio compare to its peers?
|609 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
3318 China Boton Group
1084 Green Future Food Hydrocolloid Marine Science
1986 Tsaker New Energy Tech
6616 Global New Material International Holdings
609 Tiande Chemical Holdings
Price-To-Earnings vs Peers: 609 is good value based on its Price-To-Earnings Ratio (2.4x) compared to the peer average (17x).
Price to Earnings Ratio vs Industry
How does 609's PE Ratio compare vs other companies in the HK Chemicals Industry?
Price-To-Earnings vs Industry: 609 is good value based on its Price-To-Earnings Ratio (2.4x) compared to the Hong Kong Chemicals industry average (5x)
Price to Earnings Ratio vs Fair Ratio
What is 609's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||2.4x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 609's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 609 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 609 (HK$2.34) is trading below our estimate of fair value (HK$2.68)
Significantly Below Fair Value: 609 is trading below fair value, but not by a significant amount.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Tiande Chemical Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if 609's forecast earnings growth is above the savings rate (1.6%).
Earnings vs Market: Insufficient data to determine if 609's earnings are forecast to grow faster than the Hong Kong market
High Growth Earnings: Insufficient data to determine if 609's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 609's revenue (17.4% per year) is forecast to grow faster than the Hong Kong market (9.7% per year).
High Growth Revenue: 609's revenue (17.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 609's Return on Equity is forecast to be high in 3 years time (24.6%)
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How has Tiande Chemical Holdings performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 609 has a high level of non-cash earnings.
Growing Profit Margin: 609's current net profit margins (22.9%) are higher than last year (8.6%).
Past Earnings Growth Analysis
Earnings Trend: 609's earnings have grown significantly by 55.6% per year over the past 5 years.
Accelerating Growth: 609's earnings growth over the past year (424.3%) exceeds its 5-year average (55.6% per year).
Earnings vs Industry: 609 earnings growth over the past year (424.3%) exceeded the Chemicals industry -1.6%.
Return on Equity
High ROE: 609's Return on Equity (39.3%) is considered high.
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How is Tiande Chemical Holdings's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 609's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥603.0M).
Long Term Liabilities: 609's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥28.2M).
Debt to Equity History and Analysis
Debt Level: 609 has more cash than its total debt.
Reducing Debt: 609's debt to equity ratio has reduced from 8.5% to 4.2% over the past 5 years.
Debt Coverage: 609's debt is well covered by operating cash flow (508.6%).
Interest Coverage: 609's interest payments on its debt are well covered by EBIT (344.3x coverage).
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What is Tiande Chemical Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Tiande Chemical Holdings Dividend Yield vs Market|
|Company (Tiande Chemical Holdings)||9.9%|
|Market Bottom 25% (HK)||3.1%|
|Market Top 25% (HK)||9.0%|
|Industry Average (Chemicals)||6.6%|
|Analyst forecast in 3 Years (Tiande Chemical Holdings)||n/a|
Notable Dividend: 609's dividend (9.93%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.07%).
High Dividend: 609's dividend (9.93%) is in the top 25% of dividend payers in the Hong Kong market (9%)
Stability and Growth of Payments
Stable Dividend: 609's dividend payments have been volatile in the past 10 years.
Growing Dividend: 609's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29%), 609's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (74.8%), 609's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Xiaohua Chen (44 yo)
Mr. Xiaohua Chen has been General Manager of Tiande Chemical Holdings Limited since August 1, 2018 and has been its Executive Director since January 1, 2021. Mr. Chen was Deputy General Manager of Tiande C...
CEO Compensation Analysis
|Xiaohua Chen's Compensation vs Tiande Chemical Holdings Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||CN¥870k||CN¥500k|
Compensation vs Market: Xiaohua's total compensation ($USD122.29K) is below average for companies of similar size in the Hong Kong market ($USD308.73K).
Compensation vs Earnings: Insufficient data to compare Xiaohua's compensation with company performance.
Experienced Board: 609's board of directors are seasoned and experienced ( 15.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.1%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Tiande Chemical Holdings Limited's employee growth, exchange listings and data sources
- Name: Tiande Chemical Holdings Limited
- Ticker: 609
- Exchange: SEHK
- Founded: 1997
- Industry: Specialty Chemicals
- Sector: Materials
- Implied Market Cap: HK$2.034b
- Shares outstanding: 869.42m
- Website: https://www.tdchem.com
Number of Employees
- Tiande Chemical Holdings Limited
- High-Tech Development Zone
- 3877 Wolong East Street
- Shandong Province
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|609||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Oct 2006|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/04 00:00|
|End of Day Share Price||2022/10/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.